Brokerages Set Centerra Gold Inc. (TSE:CG) Price Target at C$11.07

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$11.07.

A number of research firms have commented on CG. Raymond James increased their price target on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, April 23rd. Bank of America increased their price objective on Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. National Bankshares increased their price objective on Centerra Gold from C$11.25 to C$12.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Canaccord Genuity Group increased their price objective on Centerra Gold from C$10.75 to C$11.00 in a report on Tuesday, April 23rd. Finally, Cormark increased their price objective on Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday, May 15th.

Centerra Gold Stock Performance

Shares of TSE CG opened at C$9.20 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.22 and a quick ratio of 3.24. The stock has a market capitalization of C$1.97 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.25. The business has a fifty day moving average price of C$9.25 and a 200 day moving average price of C$8.17.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The company had revenue of C$412.37 million for the quarter. Centerra Gold had a return on equity of 3.40% and a net margin of 4.99%. Equities research analysts expect that Centerra Gold will post 0.887963 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.28 dividend on an annualized basis and a yield of 3.04%. Centerra Gold’s payout ratio is 77.78%.

Insider Buying and Selling

In other Centerra Gold news, Director Craig Stephen Macdougall bought 10,500 shares of Centerra Gold stock in a transaction on Thursday, May 30th. The shares were bought at an average price of C$9.56 per share, for a total transaction of C$100,330.65. Over the last 90 days, insiders have purchased 11,012 shares of company stock worth $105,101. 0.23% of the stock is owned by corporate insiders.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.